EVENING. Business.

Abbott genetic study pact: Abbott Laboratories Inc. and...

July 28, 1997

Abbott genetic study pact: Abbott Laboratories Inc. and Genset SA reached agreements to jointly study variations in patient responses to drug therapy based on genetic differences. Genset, based in Paris, analyzes human genomes to identify and patent genes. Abbott Labs is a medical products company based in Abbott Park. Abbott Labs said it will invest $20 million in Genset as part of the agreement, including $10 million initially.